BitcoinLong
Bitcoin: Rejection + Decreasing Volume = Down to Next Level?
After just completing an update to the previous Bitcoin 3rd cycle chart, I noticed something:
After Bitcoin got rejected by the overhead former support line, it bounced on the 6k line a few times, each bounce lower than the last like a bouncing ball that eventually stopped bouncing and just rolled on the line whilst volume was dropping then the momentum slowly halted altogether and it fell to the next level of support. Bitcoin seems to be doing the EXACT SAME THING right now, don't you think? Is another drop inevitable? Your thoughts below.
Cheers.
After Bitcoin got rejected by the overhead former support line, it bounced on the 6k line a few times, each bounce lower than the last like a bouncing ball that eventually stopped bouncing and just rolled on the line whilst volume was dropping then the momentum slowly halted altogether and it fell to the next level of support. Bitcoin seems to be doing the EXACT SAME THING right now, don't you think? Is another drop inevitable? Your thoughts below.
Cheers.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.